Chief Financial Officer
Company: Gold Coast Health Plan
Location: Camarillo
Posted on: March 17, 2023
Job Description:
Morgan Consulting Resources, Inc. has been retained to conduct
the search for the Chief Financial Officer for Gold Coast Health
Plan in Ventura County. This position is based in the Camarillo
office but a hybrid schedule will be considered.About the
Organization: Gold Coast Health Plan proudly serves Medi-Cal
beneficiaries living in Ventura County, California. We are an
independent public entity governed by the Ventura County Medi-Cal
Managed Care Commission and are dedicated to serving our members.
The Commission is comprised of locally elected officials,
providers, hospitals, clinics, the county health care agency and
consumer advocates. Our member-first focus centers on the delivery
of exceptional service to our beneficiaries by enhancing the
quality of health care, providing greater access and improving
member choice.Gold Coast Health Plan is committed to making a
difference in the communities we serve. Through grants,
sponsorships and the fundraising efforts of our employees, we
support the organizations that are making a difference in the lives
of Ventura County's Medi-Cal members. Our goal is to fulfill our
vision of compassionate care, accessible to all, for a healthy
community. Gold Coast Health Plan delivers health care services
with a member-first focus that reflects a commitment to our members
and our providers. We understand the necessity of having a local
presence in the cities we serve, and we are committed to
establishing and strengthening relationships in those
communities.Mission: To improve the health of our members, through
the provision of high quality care and services.For more
information about the organization, please visit: .About the
Position:The Chief Financial Officer (CFO) reports to and is a key
partner and advisor to the Chief Executive Officer (CEO). The CFO
is a highly contributing member of the senior leadership team and
is responsible for the financial results of the organization and
providing overall financial guidance and strategy to all areas of
the Plan. This is a high profile position within Gold Coast and
requires the successful candidate to have a broad based, global
view and understanding of Gold Coast, with the ability to work
collaboratively and effectively across organization departments and
functions. This leader must be comfortable establishing excellent
relationships with other members of the senior leadership team, the
Ventura County Medi-Cal Managed Care Commission (Commissioners),
external business partners and State regulatory agencies. The CFO
provides the vision, leadership, creativity and strategic direction
that assures Gold Coast's financial annual and long-term
performance supports its mission. The CFO ensures effective
stewardship of resources and efficient operation within contractual
and regulatory requirements while balancing compliance, risk
management and the needs of the health plan.Primary Duties and
Responsibilities:
- Provides strategic financial leadership, in partnership with
the CEO, Commissioners and the Senior Leadership team, in defining,
developing and implementing the strategic plan for the
organization.
- Leads all financial administration, business planning and
budgeting.
- Manages cash flow and invests surplus funds to Gold Coast's
best advantage and directs program related to receivables
management, payroll, purchasing and payable systems.
- Ensures required tangible net equity (TNE) and financial
viability is met and maintained.
- Provides senior level leadership guidance and direction (as
needed) for all finance related policies, procedures and programs,
including:
- Profit/reserve analysis
- Functional control over accounting activities
- Monthly Financial Statement, including IBNR estimates
- General Ledger Accounting
- Treasury (banking, cash flows, investments, etc.)
- Actuarial (IBNR, Medicaid rate development, RBC, etc.)
- Disbursements (claims and trade payables)
- Taxes
- Provider Reimbursement Analysis and Network Development
Contracting Negotiation Support
- Internal Controls
- Develops and maintains risk management insurance program to
include reinsurance stop loss, corporate liability, D&O,
workers' compensation, etc. to adequately safeguard and protect
Gold Coast's assets and exposure to risk
- Annual budget:
- Oversees the development of Gold Coast's overall annual budget
for revenues, health care and administrative expenses on a
consolidated and product line basis
- Prepares annual capital expense budgets and evaluates and
recommends major resource upgrades such as leased space, hardware
and software systems
- Oversees Gold Coast's performance against the annual budget by
administering budget controls to establish and implement policies
and procedures for effective and accurate recording, analysis and
reporting of all financial matters
- Ensures timely and accurate Financial/Regulatory financial
filings:
- Financial and regulatory Reporting (GAAP and SAP)
- Ensures successful fiscal and regulatory audits
- Regulatory evaluations
- Leadership and Relationship Development:
- Finance department
- Oversees the operations of the Finance Department
- Through subordinate managers, plans, organizes, directs and
evaluates the work of a diverse staff
- Effectively manages staff by communicating job expectations;
planning, monitoring and appraising job results; coaching,
counseling and implementing corrective action steps when necessary;
developing, coordinating and enforcing systems, policies,
procedures and productivity standards. Completes performance
evaluations in a timely manner
- Investigates and analyzes complex administrative and personnel
issues and implements appropriate solutions in a timely manner
- Organizational:
- Coordinates functions and maintains effective, highly
collaborative working relationships with other departments and
staff
- External:
- Works closely with the Commissioners to advise and apprise them
of the financial health of the organization
- Secures and maintains excellent banking and investing
relationships while enhancing Gold Coast's relationships
- Develops meaningful and collaborative work relationships with
funding partners to ensure appropriate rates in order to provide
maximum benefits to beneficiaries
- Oversees vendor negotiations
- Expresses self effectively in all communication forms
Requirements:
- Bachelor's degree in Accounting, Finance, Business Management,
Healthcare Administration or related field.
- 10+ years' experience in a managed care and/or risk-bearing
healthcare organization.
- 5+ years' experience as a financial executive, ideally with
operational experience in a variety of financial
functions.
- Demonstrated depth of knowledge and successful experience
managing general accounting and finance teams; cash management;
financial statement preparation; review and analysis; development
and implementation of effective system and business improvement
processes; and multi-discipline management.
- Ability to accurately analyze complex financial and accounting
data and effectively communicate it to a wide variety of
audiences.
- Ability to develop financial and operational systems to
accurately monitor and control organizational activities
- Demonstrated leadership, vision and strategic skills are vital.
Must have a proactive and team approach, strong negotiation skills,
excellent customer service skills, ability to exercise sound
judgment; be flexible yet accountable.
- Strong strategic planning/thinking skills.
- Strong decision making and problem solving skills.
- Excellent interpersonal and leadership skills including team
building and effective communication skills.
- Ability to achieve results and build and maintain trust.
Preferred Requirements:
- Master's degree in Accounting, Finance, Business Management,
Healthcare Administration or related field.
- CPA, FSA or other related professional certification.
- Experience with financial system selection and conversion.
Salary range: $276,750-$464,400.If you or someone you know has the
qualifications we seek, I'd love to set up a time to talk. Thank
you very much.Lisa Coyne, PrincipalMorgan Consulting Resources,
Inc.POSITION DESCRIPTIONCompany: Gold Coast Health PlanPosition:
Chief Financial OfficerReports to: Chief Executive Officer
Location: Camarillo, CAOverviewThe Chief Financial Officer (CFO)
reports to and is a key partner and advisor to the Chief Executive
Officer (CEO). The CFO is a highly contributing member of the
senior leadership team and is responsible for the financial results
of the organization and providing overall financial guidance and
strategy to all areas of the Plan. This is a high profile position
within Gold Coast and requires the successful candidate to have a
broad based, global view and understanding of Gold Coast with the
ability to work collaboratively and effectively across organization
departments and functions. This leader must be comfortable
establishing excellent relationships with other members of the
senior leadership team, the Ventura County Medi-Cal Managed Care
Commission (Commissioners), external business partners and State
regulatory agencies. The CFO provides vision, leadership,
creativity, and strategic direction that assures Gold Coast's
financial annual and long-term performance supports its mission.
The CFO ensures effective stewardship of resources and efficient
operation within contractual and regulatory requirements while
balancing compliance, risk management and the needs of the health
plan.The CFO is responsible for general financial oversight to
aspects of the plan which impacts Gold Coast's operations and
bottom line. Complying with the highest ethical and regulatory
standards, the CFO will direct the company's financial activities,
anticipating and supporting current and future strategic
objectives. The CFO provides leadership and talent management
expertise to motivate and assure a high-performing financial and
procurement organization through effective recruitment,
development, performance management, retention and succession
planning, and proactively promoting stewardship principles of
inclusion, diversity, equity and accountability.Primary Duties and
Responsibilities
- Provides strategic financial leadership, in partnership with
the CEO, Commissioners, and the Senior Leadership team, in
defining, developing, and implementing the strategic plan for the
organization.
- Leads all financial administration, business planning and
budgeting.
- Manages cash flow and invests surplus funds to Gold Coast's
best advantage and direct program related to receivables
management, payroll, purchasing and payable systems.
- Ensures required tangible net equity (TNE) and financial
viability is met and maintained.
- Provides senior level leadership guidance and direction (as
needed) for all finance related policies, procedures, and programs,
including:
- Profit/reserve analysis
- Functional control over accounting activities
- Monthly Financial Statement, including IBNR estimates
- General Ledger Accounting
- Treasury (banking, cash flows, investments, etc.)
- Actuarial (IBNR, Medicaid rate development, RBC, etc.)
- Disbursements (claims and trade payables)
- Taxes
- Provider Reimbursement Analysis and Network Development
Contracting Negotiation Support
- Internal Controls
- Develops and maintains risk management insurance program to
include reinsurance stop loss, corporate liability, D&O,
worker's compensation, etc. to adequately safeguard and protect
Gold Coast's assets and exposure to risk
- Annual budget:
- Oversees the development of Gold Coast's overall annual budget
for revenues, health care and administrative expenses on a
consolidated and product line basis
- Prepares annual capital expense budgets and evaluates and
recommends major resource upgrades such as leased space, hardware
and software systems
- Oversees Gold Coast's performance against the annual budget by
administering budget controls to establish and implement policies
and procedures for effective and accurate recording, analysis and
reporting of all financial matters
- Ensures timely and accurate Financial/Regulatory financial
filings
- Financial and regulatory Reporting (GAAP and SAP)
- Ensures successful fiscal and regulatory audits
- Regulatory evaluations
- Leadership and Relationship Development
- Finance department
- Oversees the operations of the Finance Department
- Through subordinate managers, plan, organize, direct and
evaluate the work of a diverse staff
- Effectively manages staff by communicating job expectations;
planning, monitoring and appraising job results; coaching,
counseling, and implementing corrective action steps when
necessary; developing, coordinating, and enforcing systems,
policies, procedures and productivity standards. Complete
performance evaluations in a timely manner
- Investigates and analyzes complex administrative and personnel
issues and implement appropriate solutions in a timely manner
- Organizational
- Coordinates functions and maintain effective, highly
collaborative working relationships with other departments and
staff
- External
- Works closely with the Commissioners to advise and apprise them
of the financial health of the organization
- Secures and maintains excellent banking and investing
relationships while enhancing Gold Coast's relationships
- Develops meaningful and collaborative work relationships with
funding partners to ensure appropriate rates in order to provide
maximum benefits to beneficiaries
- Oversees vendor negotiations
- Expresses self effectively in all communication forms
Requirements
- Bachelor's degree in Accounting, Finance, Business Management,
Healthcare Administration or related field.
- 10+ years' experience in a managed care and/or risk-bearing
healthcare organization.
- 5+ years' experience as a financial executive, ideally with
operational experience in a variety of financial
functions.
- Demonstrated depth of knowledge and successful experience
managing general accounting and finance teams; cash management;
financial statement preparation; review and analysis; development
and implementation of effective system and business improvement
processes; and multi-discipline management.
- Ability to accurately analyze complex financial and accounting
data and effectively communicate it to a wide variety of
audiences.
- Ability to develop financial and operational systems to
accurately monitor and control organizational activities.
- Demonstrated leadership, vision and strategic skills are vital.
Must have a proactive and team approach, strong negotiation skills,
excellent customer service skills, ability to exercise sound
judgment; be flexible yet accountable.
- Strong strategic planning/thinking skills.
- Strong decision making and problem solving skills.
- Excellent interpersonal and leadership skills including team
building and effective communication skills.
- Ability to achieve results and build and maintain trust.
Preferred Requirements:
- Masters degree in Accounting, Finance, Business Management,
Healthcare Administration or related field.
- CPA, FSA or other related professional certification.
- Experience with financial system selection and conversion.
Salary range: $276,750-$464,400Work EnvironmentTypical office work
environment.
The company has reviewed this job description to ensure that
essential functions and basic duties have been included. It is
intended to provide guidelines for job expectations and the
employee's ability to perform the position described. It is not
intended to be construed as an exhaustive list of all functions,
responsibilities, skills, and abilities. Additional functions and
requirements may be assigned by supervisors as deemed appropriate.
This document does not represent a contract of employment, and the
company reserves the right to change this job description and/or
assign tasks for the employee to perform, as the company may deem
appropriate.
Gold Coast Health Plan is an Equal Opportunity Employer.
Keywords: Gold Coast Health Plan, Camarillo , Chief Financial Officer, Executive , Camarillo, California
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